China's manufacturing activity falls in May, PMI shows
BEIJING, May 31 (Reuters) - China's manufacturing activity shrank for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States.
The official purchasing managers' index (PMI) rose to 49.5 in May versus 49.0 in April, below the 50-mark separating growth from contraction, and was in line with a median forecast of 49.5 in a Reuters poll.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
35 minutes ago
- Reuters
IATA expects sustainable aviation fuel production to double in 2025
SEOUL, June 1 (Reuters) - The International Air Transport Association said on Sunday it expects the amount of sustainable aviation fuel produced to double in 2025 to reach 2 million tonnes, representing 0.7% of airlines' fuel consumption. Influential industry body IATA has increasingly been warning that airlines will struggle to meet their sustainability goals, and has described the production of SAF - which is more expensive than conventional jet fuel - as disappointingly slow. IATA Director General Willie Walsh said that while the production increase was encouraging, the relatively small amount will add $4.4 billion globally to aviation's fuel bill. "The pace of progress in ramping up production and gaining efficiencies to reduce costs must accelerate," Walsh said in a statement. The broader aviation sector agreed in 2021 to target net-zero emissions in 2050 based mainly on a gradual switch to SAF, which is made from waste oil and biomass. Airlines are at odds with energy companies over scarce supplies of SAF, while also pointing the finger at plane makers Airbus ( opens new tab and Boeing (BA.N), opens new tab over delays in delivering more fuel-efficient jets.
Telegraph
43 minutes ago
- Telegraph
British businessman ‘spied for Beijing and tried to smuggle weapons into China'
A British businessman tried to smuggle missiles and drones into China and attempted to silence critics of Xi Jinping, according to an indictment. John Miller is accused of spying for the Chinese Communist Party and faces extradition to the US after his arrest in Serbia. The 63-year-old allegedly referred to Xi Jinping, the Chinese president, as 'The Boss' in intercepted phone calls and conducted surveillance on an artist who created statues mocking the country's leader. In April, Mr Miller was arrested along with 43-year-old Chinese national Cui Guanghai, in Belgrade, Serbia, on the orders of the FBI and is now awaiting extradition to the US where he could be jailed for 20 years. Over two and a half years, Mr Miller and Mr Cui allegedly employed a wide range of tactics to harass, intimidate, stalk and threaten a Los Angeles resident, known only as 'the victim', who is a public critic of President Xi. 'As alleged, the defendants targeted a US resident for exercising his constitutional right to free speech and conspired to traffic sensitive American military technology to the Chinese regime,' said Todd Blanche, the US deputy attorney general. Mr Miller is a long-time resident of the US, but also owns a £1.5 million home in Tunbridge Wells in Kent. Companies House records show Mr Miller has held roles in at least five UK companies, including TEFL Jobs China Ltd, which seemed to facilitate English language teaching jobs, but is now dissolved. 'Couldn't have gone better' A few months before the case began in June 2023, Mr Miller went to China where he met with Chinese government officials in Beijing and Liaoning, a province in north-east China that borders North Korea. He also met someone who works for the governor of Liaoning. During the trip, Mr Cui reportedly introduced Mr Miller to two people, who Mr Miller later referred to as 'big mother------s.' Upon his return, he reportedly boasted that 'the trip couldn't have gone better'. The first incident referred to in the indictment occurred shortly after he returned. In October 2023, Mr Miller and Mr Cui approached two individuals who, unbeknownst to them, were working for the FBI. They enlisted the undercover agents to stop 'the victim' from protesting against Xi's appearance at the Asia Pacific Economic Cooperation (APEC) summit the following month. Mr Miller and Mr Cui allegedly installed tracking devices on 'the victim's' car and paid the undercover agents to slash their tires. Mr Miller and Mr Cui also devised a complex plan to destroy a set of statues created by 'the victim'. These depicted President Xi and his wife bare-chested, kneeling with their hands tied behind their backs, and were potentially going to be displayed at a protest. The 'victim' had previously displayed the statues in Times Square electronic billboards and broadcast the display on X, according to court documents. Initially, Mr Miller had wanted to steal the statues and 'remove the heads' as evidence, but later decided to pay the undercover FBI agents to 'smash up' them up. In 2025, Mr Miller paid the agents $36,500 (£27,100) to convince 'the victim' to desist from showcasing the new statues at an upcoming protest, after 'the victim' had displayed the statues on a 24-hour live feed online. Beyond the intimidation schemes, Mr Miller also allegedly tried to purchase millions of pounds worth of military equipment on behalf of the Chinese military. 'The big boss' Mr Miller reportedly tried to buy a £37,000 Stinger portable missile launcher, two military drones valued at £148,000, a £668,000 AGM-88E anti-radiation missile system and a £1.5 million air-defence radar system. He also allegedly tried to procure a cryptographic device, which is used for secure communication of classified and sensitive information. At one point, the Briton suggested that the device be smuggled from the US to China by hiding it inside a food blender or a motor starter, having shipped it first via DHL or FedEx to Hong Kong, according to court documents. Several times in Mr Miller's conversations, he mentions a 'boss' or at times a 'big boss' that seems to be the one giving orders. According to the special FBI agent who submitted the affidavit, Mr Miller's use of the phrase 'boss' 'refer[s] to President Xi' and 'demonstrates [Miller's] awareness that he was acting at the direction and control of the [Chinese] government.' Mr Blanche said: 'This is a blatant assault on both our national security and our democratic values. This Justice Department will not tolerate foreign repression on US soil, nor will we allow hostile nations to infiltrate or exploit our defence systems. 'We will act decisively to expose and dismantle these threats wherever they emerge.' Bill Essayli, attorney for the Central District of California, said: 'The indictment alleges that Chinese foreign actors targeted a victim in our nation because [they] criticised the Chinese government and its president. 'My office will continue to use all legal methods available to hold accountable foreign nationals engaging in criminal activity on our soil.' Akil Davis, the assistant director in charge of the FBI's Los Angeles field office, said: 'The FBI will not tolerate transnational repression targeting those in the United States who express dissenting opinions about foreign leaders. 'Both defendants face serious stalking charges in Los Angeles and my office intends to hold them accountable for bullying a victim, a critic of the PRC [People's Republic of China], and targeting him with violence.' If convicted, Mr Miller could also face the maximum penalties of five years in prison for conspiracy, five years in prison for interstate stalking, and 10 years in prison for smuggling.
Reuters
an hour ago
- Reuters
Air India in talks for major new narrow-body jet order, sources say
NEW DELHI, June 1 (Reuters) - Tata Group's Air India is in talks with Airbus and Boeing for a major new order potentially including some 200 extra single-aisle planes, topping up a mammoth 2023 deal as the flag carrier seeks to pre-empt a growing jet shortage, industry sources said. The order discussions, which one of the sources said could involve hundreds of airplanes in total spread across various sizes, expands on previously reported discussions for a further batch of large wide-body aircraft, the sources said. Air India, Airbus ( opens new tab and Boeing (BA.N), opens new tab did not immediately respond to requests for comment.
